Outcome of Board Meeting held on 24/04/2025 for following other matters for which no separate tab for reporting is available: - 1) Appointment of Mrs. Renu Prem Krishan Jain as Deputy ....
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Fundviser Capital (India) held a board meeting on 24 April 2025 with several decisions. 7,62,500 convertible warrants were converted into equity shares at Rs. 10 face value with a Rs. 48.25 premium per share. CS Raujesh Khandelwal was appointed as Company Secretary and Compliance Officer. Mrs. Renu Prem Krishan Jain was appointed as Deputy General Manager (Business Development) — she is the wife of the Chairman, mother of the CFO, and mother-in-law of Director Mrs. Kriti Jain. Mrs. Kriti Jain was appointed as Whole Time Director (Executive Director). Additionally, M/s. G R A N D M A R K and Associates were appointed as Internal Auditors for FY 2025-26, and three promoter-group members sought reclassification to the Public category.
Multiple promoter-family members taking up senior executive and board roles may raise governance concerns for minority shareholders, even as warrant conversion strengthens equity base. Investors should watch for any related-party transaction disclosures and the effect of promoter reclassification on shareholding pattern.